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Excess medical payments coverage is a type of car insurance that pays for certain medical expenses resulting from a car accident. This coverage is referred to as “excess” because it only applies to bills that are not covered by the policyholder’s health insurance, such as their health plan deductible and copay.
On the other hand, non-excess medical payments coverage pays any medical expenses after a crash, even if they could also be covered by a driver’s health insurance. That type of medical payments coverage, or MedPay, is required in New Hampshire and Maine, and it’s available in many other states. However, there are no states that specifically require excess MedPay. So if you’re unsure whether your policy includes excess or non-excess MedPay, it’s best to ask your insurance company directly.
For more information, check out WalletHub’s guide to MedPay insurance.
People also ask
What does medical payments insurance cover?
Medical payments insurance (MedPay) covers medical bills for the policyholder and their passengers after a car accident, regardless of who was responsible for the crash. For example, MedPay covers hospital and ambulance expenses, nursing costs, funeral expenses, and the deductibles or copays of other types of insurance. It’s also worth noting that MedPay applies to named drivers even if they were passengers, pedestrians, or cyclists when the car accident occurred. MedPay does not cover indirect...
read full answer by WalletHub, Financial CompanyHow much medical payments coverage do I need?
You need $1,000 or $2,000 in medical payments (MedPay) coverage in the two states that require it: Maine and New Hampshire. If MedPay is optional in your state, the exact amount of MedPay that you need depends on a few factors, including what other types of insurance you have and how robust your emergency fund is. Even if you have overlapping coverage, like personal injury protection (PIP) or health insurance, MedPay is generally a good investment because it is...
read full answer by WalletHub, Financial CompanyDid we answer your question?
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